Calculate your Delaware LLC annual report deadline and franchise tax obligations. Avoid penalties with accurate calculations.
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Delaware requires every LLC to pay an annual franchise tax. LLCs are not required to file an annual report but must pay the $300 annual franchise tax by June 1st each year.
The Delaware franchise tax for LLCs is a flat $300 due annually, regardless of income or assets. This is significantly simpler than the complex calculation methods for corporations.
Failure to pay the franchise tax results in a $200 penalty plus 1.5% interest per month on the unpaid tax. After additional non-payment, the LLC may be voided.
LLCs pay a flat $300 annual franchise tax. This is due by June 1st for the prior tax year (April 1 - March 31).
June 1st annually for LLCs. The tax covers the period from April 1 of the prior year through March 31 of the current year.
$200 penalty plus 1.5% monthly interest on unpaid tax. Continued non-payment leads to voiding of the LLC.
Unlike corporations, LLCs do not file an annual report. Only the franchise tax payment is required.
Q: How much is the Delaware LLC franchise tax?
A: $300 flat fee annually for LLCs, due by June 1st each year.
Q: When is the Delaware franchise tax due?
A: June 1st annually for LLCs. The tax covers the prior fiscal year (April 1 - March 31).
Q: What if I pay late?
A: $200 penalty plus 1.5% monthly interest. Continued non-payment results in your LLC being voided.
Q: Do LLCs file an annual report in Delaware?
A: No, only corporations file annual reports. LLCs only pay the franchise tax.
Q: Is the franchise tax based on income?
A: No, Delaware LLCs pay a flat $300 regardless of income, assets, or business activity level.